The U.S dollar has continued to move lower against the Japanese yen, with price-action trading as low as 106.60 as the pair follows longer dated U.S bond-yields lower. The USDJPY now trades around the 106.90 region, with downside pressures likely to remain whilst the pair trades below the pivotal 107.30 technical level. The U.S dollar index and U.S bond-yields are likely to continue to influence the direction of the USDJPY pair during Friday trading.
The USDJPY pair is likely to experience further losses below the 107.30 level, key intraday support is found at the 106.60 and 106.06 levels.
If price-action on the USDJPY pair moves above the key 107.30 level, buyers may test towards 107.61 and 107.91 resistance levels.
